Israel: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Israel

The Israeli market for hot-rolled bars of high speed steel dropped remarkably to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a sharp reduction. Hot-rolled high speed steel bar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Israel

In 2021, the amount of hot-rolled bars of high speed steel exported from Israel reduced to X tons, waning by -X% on the previous year. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports declined to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for hot-rolled high speed steel bar exports from Israel, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at +X%.

In value terms, China ($X) also remains the key foreign market for hot-rolled high speed steel bar exports from Israel.

From 2012 to 2021, the average annual growth rate of value to China stood at +X%.

Export Prices by Country

The average export price for hot-rolled bars of high speed steel stood at $X per ton in 2021, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Israel

Hot-rolled high speed steel bar imports into Israel shrank markedly to X tons in 2021, falling by -X% against the year before. Overall, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled high speed steel bar imports shrank rapidly to $X in 2021. Over the period under review, imports continue to indicate a precipitous setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of hot-rolled high speed steel bar to Israel, with a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from France exceeded the figures recorded by the second-largest supplier, Romania (X tons), more than tenfold. The third position in this ranking was taken by Austria (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Austria (+X% per year).

In value terms, France ($X) constituted the largest supplier of hot-rolled high speed steel bar to Israel, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2021, the average annual growth rate of value from France stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Austria (+X% per year).

Import Prices by Country

In 2021, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and Austria ($X per ton), while the price for France ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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